So, I guess when reading that the Bank of Japan own around three quarters of ETFs in Japan its sorta like 'back to reality' .... and wow, what a reality ...
UBS and Daiwa both expect BOJ purchases to slow next year:
- Sometime next year, the BOJ will cut its annual buying target for domestic exchange-traded funds by as much as a third from the current 6 trillion yen ($53 billion), says Toru Ibayashi, head of Japanese equities at UBS Wealth Management in Tokyo. Soichiro Monji of Daiwa SB Investments Ltd. expects a similar reduction, but by the end of March."Four trillion yen," UBS's Ibayashi predicted. "And everybody will understand."
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And they say BTC is a bubble ... sheesh.
Bitcoin futures about to launch ... and BTC is a bubble says RBNZ head
